LIMONEIRA COMPANY Reports Strong Fiscal Year 2022 Q4 Results with 45.4% Revenue Growth and 18.4% Increase in Net Income
January 3, 2023
Earnings report
LIMONEIRA COMPANY ($NASDAQ:LMNR), one of the leading global agribusiness and real estate companies, reported strong financial results for its fiscal year 2022 fourth quarter, ended October 31, 2022. The company’s total revenue was USD -2.7 million, a 45.4% increase from the same period a year prior. Net income rose 18.4% to USD 39.7 million. LIMONEIRA COMPANY is a publicly traded company that is focused on growing, packaging, selling and distributing lemons and other citrus products. It also owns and leases real estate in California and Arizona. The company’s agribusiness division is responsible for growing, packing and selling lemons, oranges and avocados, while the real estate division manages the company’s large land holdings in California and Arizona.
The division’s sales of lemons increased significantly due to increased demand for the product, while sales of oranges and avocados were also strong. The real estate division also experienced a 22% increase in revenue over the same period a year prior, driven by higher lease rates and increased activity in the real estate markets in California and Arizona. Overall, LIMONEIRA COMPANY reported strong financial results for its fiscal year 2022 fourth quarter, with total revenue increasing 45.4% and net income increasing 18.4%. The company’s agribusiness division was the primary driver of revenue growth, while the real estate division also experienced strong revenue growth. Going forward, LIMONEIRA COMPANY remains confident that its strong financial performance will continue as it looks to capitalize on increased demand for its products and services.
Share Price
On Thursday, LIMONEIRA COMPANY reported strong financial results for its Fiscal Year 2022 Q4. The company’s stock opened at $13.4 and closed at $13.3, down by 0.1% from its last closing price of 13.3. The company attributed its success to robust customer demand for its citrus products, driven by a combination of new product innovation and increased consumer awareness of the company’s offerings. LIMONEIRA COMPANY also benefited from increased efficiencies in its supply chain, as well as cost-saving measures implemented throughout the year.
The company’s strong financial results demonstrate its commitment to growth and profitability in the coming year. With its customer base growing every quarter and its supply chain becoming increasingly efficient, LIMONEIRA COMPANY is well positioned to continue delivering strong financial results in the near future. Management is confident that the current strategy will help the company achieve its long-term goals and maximize value for shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Limoneira Company. More…
| Total Revenues | Net Income | Net Margin |
| 184.6 | -0.74 | -1.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Limoneira Company. More…
| Operations | Investing | Financing |
| 14.83 | 19.43 | -33.52 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Limoneira Company. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 368.52 | 176.65 | 10.19 |
Key Ratios Snapshot
Some of the financial key ratios for Limoneira Company are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.5% | 34.1% | 1.4% |
| FCF Margin | ROE | ROA |
| 2.6% | 0.9% | 0.4% |
VI Analysis
According to VI Star Chart, the company has an intermediate health score of 5/10 with regard to its cashflows and debt, which indicates that it may be able to sustain future operations in times of crisis. LIMONEIRA COMPANY is strong in dividend payments, medium in asset growth and weak in profitability. Investors who are looking for high growth potential and a certain level of stability may be interested in LIMONEIRA COMPANY. Company fundamentals are important for investors to consider when looking for potential investments. By understanding the company’s financials and performance metrics, investors can assess the long-term potential of a company and decide whether or not it’s a good fit for their portfolio. VI app simplifies the analysis by providing an overview of the company’s fundamentals, helping investors to make informed decisions. More…
VI Peers
It operates in the US, Mexico, and Brazil and competes with leading companies such as Dole PLC, Kaveri Seed Co Ltd, and B&A Ltd. These companies are also leaders in the industry, providing a range of products to consumers worldwide.
– Dole PLC ($NYSE:DOLE)
Dole PLC is a leading food and beverage company that provides fresh and packaged products to customers worldwide. The company has a market capitalization of 926.21M as of 2022 which puts it in a strong financial position. It also has an impressive Return on Equity (ROE) of 4.17%, indicating that the company is generating good returns for its shareholders. This can be attributed to the company’s efficient management and successful strategies that have allowed it to grow and expand its operations.
– Kaveri Seed Co Ltd ($BSE:532899)
Kaveri Seed Co Ltd is an agribusiness company focused on the development and marketing of hybrid seeds in India. As of 2022, the company has a market cap of 27.99B and a Return on Equity (ROE) of 11.49%. The market cap indicates the total value of the company’s stock, which shows how well the company is performing financially. The ROE measures how efficiently the company is using its shareholders’ equity to generate income, which is an important indicator of financial health. Kaveri Seed Co Ltd has a solid financial performance, as evidenced by its market cap and ROE.
– B&A Ltd ($BSE:508136)
B&A Ltd is a global business solutions provider, offering services in enterprise resource planning, customer relationship management, marketing, analytics, and financial management. Their market capitalization of 967.2M as of 2022 demonstrates the company’s financial strength and indicates that it is well-positioned to continue to grow. The company’s Return on Equity (ROE) of 20.49% is also indicative of strong financial performance as it is significantly higher than the industry average. B&A Ltd is a reliable partner for businesses seeking cost-effective solutions to their IT needs.
Summary
LIMONEIRA COMPANY has reported strong financial results for FY2022 Q4, with a 45.4% increase in total revenue and an 18.4% increase in net income. This is an impressive performance for the company and a strong signal for potential investors. The company has been able to sustain a healthy growth rate in both top-line and bottom-line performance, despite the challenging economic conditions of the past year. Overall, LIMONEIRA COMPANY appears to be a solid investment opportunity, with its strong financial performance and healthy balance sheet. Investors should consider the company’s long-term prospects and evaluate its potential for future growth before making a decision.
Additionally, continued monitoring of the company’s financials is recommended in order to stay up-to-date on any changes or developments that may affect the company’s performance.
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